(MENAFN- ProactiveInvestors)Given the mass sell-off in global markets yesterday gold in theory should have gone higher. Instead the metal eased 0.5% lower as metal prices took a battering on fears of lower demand from China. Spread betting firm Cityindex said: 'Given the fact that the metal was unable to benefit from Monday's stock market crash we are sceptical about the precious metal's ability to sustain its recent gains.' 'If Monday's events were not enough of a reason for the gold bulls to come out en masse then what would it take' Others were less worried with analysts at commodity researcher Commerzbank choosing to look on the positive side. 'Gold proved solid as a rock yesterday while other precious metals came under considerable pressure' they said. Today with markets rising and the dollar strengthening the gold price actually did what it is supposed to do and nudged lower. Shortly after trading resumed on Wall Street gold was trading US$12 lower at US$1144. Meanwhile silver was flat US$14.81 while platinum was US$1.6 down to US$989. Major Movers Randgold Resources down 151p to 3997p Fresnillo down 8.5p to 635p Anglo American up 13.6p to 673p
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